The Hospice for Life Foundation welcomes gifts of real estate, books, art collections, equipment or other property. Depending on your wishes, the Foundation may retain the gift or sell it and use the proceeds where they are needed most. For all gifts of property, a tax receipt will be issued under the Income Tax Act of Canada for the fair market value of the estate transferred. An independent qualified appraiser determines this value.
The Hospice for Life Foundation is pleased to work with you on a donation of securities. We reserve the right to sell securities and manage the funds according to our investment policies. The amount of the tax receipt issued to you on the securities will be the value of the security at the close price on the business day that the title is transferred.
A residual interest gift allows you to transfer the property to The Hospice for Life Foundation, but retain use of the property for life or a specified term of years. For example, you may give the Foundation a residual interest in your residence, but continue living there or give a residual interest in a painting, but retain the possession of it. At the time of the transfer, we will issue you a gift receipt for the present value of the residual interest.
You should always consult with your financial planner and other pertinent advisors before making a gift to ensure that your specific needs and requirements are met.